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US STOCKS-Wall St rally stalls late after Fed statement

Thu Nov 5, 2009 2:55am IST
 
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* Investors eye FOMC statement on rates and economy

* Healthcare sector jumps after election results

* U.S. private sector sheds jobs at slowest pace in yr

* Dow up 0.3 pct, S&P up 0.1 pct, Nasdaq off 0.1 pct

* For up-to-the-minute market news, click [STXNEWS/US] (Updates to close)

By Chuck Mikolajczak

NEW YORK, Nov 4 (Reuters) - U.S. stocks mostly eked out a gain on Wednesday, giving back a big slice of the day's advance after the Federal Reserve reiterated its intent to keep rates low, but gave investors few new reasons to boost holdings.

Stocks pushed higher in the hour following the FOMC statement, after the Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent. For details, see [ID:nN04453484] The Dow climbed as high as 9,928.04, while the S&P 500 hit an intraday high at 1,061.00 and the Nasdaq touched 2,081.00.  Continued...

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